-- Published: Tuesday, 21 October 2014 | Print | Disqus
| Close | Gain/Loss |
Gold | $1248.30 | +$2.20 |
Silver | $17.51 | +$0.07 |
XAU | 78.74 | +0.25% |
HUI | 190.63 | -0.28% |
GDM | 583.61 | -0.22% |
JSE Gold | 1104.98 | +14.91 |
USD | 85.35 | +0.39 |
Euro | 127.16 | -0.83 |
Yen | 93.55 | +0.06 |
Oil | $82.49 | +$0.58 |
10-Year | 2.208% | +0.027 |
Bond | 142.375 | -0.71875 |
Dow | 16614.81 | +1.31% |
Nasdaq | 4419.47 | +2.40% |
S&P | 1941.28 | +1.96% |
The Metals:
Gold climbed $7.37 to $1253.47 in Asia before it fell back towards unchanged in London, but it then rose to a new session high of $1255.02 in early New York trade and ended with a gain of 0.18%. Silver rose to as high as $17.65 and ended with a gain of 0.4%.
Euro gold rose to about €982, platinum gained $11 to $1274, and copper climbed 5 cents to about $3.03.
Gold and silver equities rose about 2% at the open, but they then drifted back lower for most of the rest of trade and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Sep | 5.17M | 5.11M | 5.05M |
Tomorrow brings CPI for September.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil found modest gains on better than expected economic data in China and the US.
The U.S. dollar rose as the euro fell after Reuters reported that the European Central Bank was looking at buying corporate bonds as soon as December.
Treasuries fell as the Dow, Nasdaq, and S&P rose over 1% on positive earnings reports.
Among the big names making news in the market today were Total, Verizon, Apple, McDonald’s, JPMorgan, UBS, Credit Suisse, Lockheed, Coca-Cola, and Staples.
The Commentary:
“For those of us who have been around the block more than once on Wall Street, we saw something last week that has been seen before during stock market plunges - a sudden sharp reversal that one just knows isn't normal market forces.
John Crudele, who is one of the very few financial journalists not tied to the hip of Wall Street, smelled a rat last week too.
I think the theme song for the "Plunge Protection Team" (PPT) is this.” - Peter Grandich, http://moneytalks.net/peters-content.html
GATA Posts:
Goldbroker puts French subtitles on GATA secretary's interview with Larry Parks
Poll finds support for Swiss gold repatriation referendum proposal
The Statistics:
Activity from: 10/20/2014
Gold Warehouse Stocks: | 8,898,895.870 | -24,278.988 |
Silver Warehouse Stocks: | 179,447,936.500 | +181,738.16 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV) | SPDR® Gold Shares | 751.965 | 24,176,415 | US$30,216m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,557m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$448m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 8.97 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 161.40: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,681.42: No change from yesterday’s data.
The Miners:
Royal Gold’s (RGLD) acquired gold stream and Almaden’s (AAU) spin-out were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Solitario | XPL +4.54% $1.15 |
2. Coeur | CDE +4.33% $5.06 |
3. Tanzanian Royalty | TRX +3.49% $1.78 |
LOSERS
1. Seabridge | SA -5.14% $8.12 |
2. Gold Resource | GORO-4.88% $4.87 |
3. Pretivm | PVG -4.83% $5.52 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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-- Published: Tuesday, 21 October 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks
